在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

Foreign trade scores 20.8% rise in July
By Jiang Wei (China Daily)
Updated: 2005-08-12 05:52

China's foreign trade rose 20.8 per cent year-on-year to US$120.8 billion in July, keeping the figure above the US$100 billion mark for the fifth month in a row, according to latest statistics published yesterday by China's General Administration of Customs.

An aerial photo shows part of the municipality of Shanghai, August 8, 2005. [newsphoto]

Exports hit US$65.6 billion in July, up 28.7 per cent year-on-year, while imports stood at US$55.2 billion, up 12.7 per cent. Trade surplus for the month amounted to US$10.4 billion.

In the first seven months, the country's trade volume totalled US$765.9 billion, reflecting a yearly increase of 22.8 per cent.

Cumulative trade surplus from January to July rose to US$50 billion, far exceeding the US$32 billion surplus for all of 2004.

Although the widening trade surplus is intensifying concerns among China's trade partners, economists predict the figure is likely to fall in the second half.

"The possible decline in trade surplus could be attributed to the revaluation of the reminbi first as it encourages imports," said Lu Jinyong, a trade expert with the University of International Business and Economics.

But the 2 per cent appreciation of the Chinese currency, announced last month, is not expected to affect figures for a couple of months.

Chinese textile exporters have already hit the limit of several US and European Union quotas, another factor expected to affect China's exports in the following months.

"The growth rate of exports should decrease and the gap between import and export growth will narrow in the second half of the year," the State Information Centre said in a recent report.

The slowdown in the world economy and the decline in foreign direct investment to China this year will also have some negative effect on China's exports, the centre said.  

Close

Chimpanzee suffers from smoking addiction The tide is high but they're holding on China, Russia military drills stage landing

Today's Top News     Top China News
EU, China begin talks on textile row         Joint forces storm beaches at climax of drills         Taiwan students on mainland given level fees         Japan, China to jointly develop 4G mobile         China says market to decide yuan's value         CCTV sends record invitations for festival	Temasek close to buying BOC stake - FT       N. Korea nuclear talks likely as planned       Japan, China to jointly develop 4G mobile       Two bus accidents claim 33, injure 56       NPC debates further raising tax threshold       Farmers protest over alleged lead poisoning